Jefferies Financial Group Inc. acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 144,402 shares of the company's stock, valued at approximately $38,824,000.
A number of other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its stake in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after purchasing an additional 73 shares during the period. Acumen Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $25,000. West Paces Advisors Inc. acquired a new position in shares of Howmet Aerospace during the second quarter worth about $27,000. Cornerstone Financial Management LLC bought a new position in shares of Howmet Aerospace during the fourth quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock worth $28,000 after buying an additional 54 shares in the last quarter. Institutional investors own 90.46% of the company's stock.
Howmet Aerospace Trading Down 0.7%
NYSE HWM opened at $267.52 on Friday. Howmet Aerospace Inc. has a 12 month low of $170.81 and a 12 month high of $310.00. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $277.68 and a 200-day moving average of $260.45. The company has a market cap of $107.04 billion, a PE ratio of 57.65, a PEG ratio of 1.93 and a beta of 1.20.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.07%.
Analyst Ratings Changes
HWM has been the topic of several research reports. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $318.00 to $328.00 and gave the company an "outperform" rating in a research note on Monday. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. Weiss Ratings upgraded shares of Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Royal Bank Of Canada raised their target price on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $316.22.
View Our Latest Analysis on HWM
About Howmet Aerospace
(
Free Report)
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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